Navigating the Depths: The Offshore Support Vessel Industry

Offshore Support Vessel Market

An offshore support vessel (OSV) is specially designed to support offshore exploration, drilling, production, and construction activities in the oil & gas industry. These vessels provide a range of services, such as transportation of personnel, equipment and supplies, maintenance and repair, and oil spill response. …

Boost Oil & Gas Production: Trends in the Artificial Lift Market

Artificial Lift Market

The global Artificial Lift Market growth is projected to be USD 9.0 billion by 2028, growing from USD 7.3 billion in 2023, at a CAGR of 4.4% during the forecast period. The need for the artificial lift method to optimize production and enhance the recovery rate from …

Digital Oilfield Market worth $43.0 Billion by 2029

Digital Oilfield Market

The global Digital Oilfield Market is expected to reach USD 43.0 billion by 2029 from USD 30.1 billion in 2023 at a CAGR of 6.3% during the forecast period according to a new report by MarketsandMarkets™.  Digital oilfields play a crucial role in improving operational efficiency, reducing costs, …

Offshore Support Vessel (OSV) Market Size, Share, Growth Analysis, and Forecast 2028

Offshore Support Vessel (OSV) Market Size, and Share

The global Offshore Support Vessel Market size is projected to reach USD 31.4 billion by 2028 from USD 22.6 billion in 2023 at a CAGR of 6.7% according to a new report by MarketsandMarkets™. An offshore support vessel (OSV) is specially designed to support offshore exploration, …

Oilfield Technology: A Revolution in the Oil and Gas Industry

Oilfield Technology

New technological advancements in the oil & gas industry; increased return on investment in the oil & gas industry; and the growing need for maximizing production potential from mature wells in key geographical regions such as Asia Pacific, Europe, and North America are likely to …

Artificial Lift Market to Witness Healthy Growth During 2023-2028

Artificial Lift Market

The global Artificial Lift Market is projected to reach USD 9.0 billion in 2028 from USD 7.3 billion in 2023 at a CAGR of 4.4% according to a new report by MarketsandMarkets™.  Artificial lift comprises techniques in the oil and gas sector to boost hydrocarbon …

Offshore Support Vessel Market to Witness Rapid Growth in Near Future

Offshore Support Vessel Market

The global Offshore Support Vessel Market is projected to reach USD 31.4 billion by 2028 from USD 22.6 billion in 2023 at a CAGR of 6.7% according to a new report by MarketsandMarkets™.  An offshore support vessel (OSV) is specially designed to support offshore exploration, …

Offshore Pipeline Market to Expand Rapidly by 2027

Offshore Pipeline Market

The global Offshore Pipeline Market is expected to grow from USD 14.8 billion in 2022 to USD 18.6 billion by 2027, at a CAGR of 4.7% according to a new report by MarketsandMarkets™. The Offshore Pipeline Market has promising growth potential due to the rising …

Offshore Support Vessel Market will Escalate Rapidly in Near Future

Offshore Support Vessel Market

The global Offshore Support Vessel Market is expected to grow from an estimated USD 22.0 billion in 2021 to USD 26.8 billion by 2026, at a CAGR of 4.0%, during the forecast period. The market growth is driven by robust investments in the offshore oil & gas …

Intelligent Completion Market to Show Strong Growth in Near Future

Intelligent Completion Market

The global Intelligent Completion Market is expected to grow from an estimated USD 1.61 billion in 2018 to USD 2.16 billion by 2023, at a CAGR of 6.05%, from 2018 to 2023. The market in Europe is estimated to be the largest for intelligent completion followed by …

Artificial Lift Market to Witness Healthy Growth by 2027

Artificial Lift Market

The global Artificial Lift Market is projected to grow from USD 6.9 billion in 2022 to USD 8.7 billion by 2027, at a CAGR of 4.8% according to a new report by MarketsandMarkets™. The market has promising growth potential due to the rising global oil …

Hydraulic Workover Unit Market Gain Impetus due to the Growing Demand over 2025

Hydraulic Workover Unit Market

The global Hydraulic Workover Unit Market size will grow to USD 11.0 billion by 2025 from USD 8.1 billion in 2020, at a CAGR of 6.3% during the forecast period. The rising number of mature fields in Europe and the Middle East, along with rising …

Digital Oilfield Market will Escalate Rapidly in Near Future

Digital Oilfield Market

The global Digital Oilfield Market size is expected to grow from an estimated USD 24.3 billion in 2021 to USD 32.0 billion by 2026, at a CAGR of 5.6%, during the forecast period. The key drivers for the digital oilfield market include new technological advancements …

Booster Compressor Market to Show Stunning Growth in Near Future

Booster Compressor Market

The global Booster Compressor Market is projected to reach a market size of USD 2.39 Billion in 2023, growing at a CAGR of 4.50%, from an estimated USD 1.92 Billion in 2018. The market in Asia Pacific is estimated to be the largest for booster compressors, followed …